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4-bed · 1,613 sqftMarina Residence A, Dubai Marina · 16th floor · completed 2006

1602, Marina Residence A

Sold prices and rental history: sold once, by the developer in October 2013, and rented since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1602 · DLD and Ejari recordsUpdated 15 November 2018
Last soldAED 1.1M3 October 2013
Current rentAED 135K /yr15 November 2018
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1602, Marina Residence A

What is 1602 worth today?

Last sold for AED 1,100,873 in 2013

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15 Nov 2018RentedRenewal
AED 135,000/yr12 months · AED 84 per sqft
15 Nov 2017RentedNew contract
AED 135,000/yr12 months · AED 84 per sqft
10 Nov 2016RentedNew contract
AED 135,000/yr12 months · AED 84 per sqft
3 Oct 2013Sold by developerReady
AED 1,100,873AED 682 per sqft

Source: Dubai Land Department. Updated 15 November 2018.

Key facts

Type
4-bed apartment
Size
1,613 sqft
Floor
16th of 16
Parking
4,5 (B1)
Developer
Al Maskan Al Hadeeth Real Estate Developmant
Completed
2006
Service charge
AED 29,700 /yr
Last sold
AED 1.1M · October 2013
Building
Marina Residence A

About 1602, Marina Residence A

1602 is a four-bedroom apartment of 1,613 sqft on the 16th floor of Marina Residence A, a 16-storey tower in Dubai Marina completed in 2006 by Al Maskan Al Hadeeth Real Estate Developmant . The developer sold it on 3 October 2013 for AED 1,100,873, or AED 682 per sqft.

It has been rented since 2016 on 3 Ejari contracts. The current contract, renewed on 15 November 2018, is AED 135,000 a year: a gross yield of 12.3% on the 2013 price, before the service charge of about AED 29,700 a year.

Sales and rents for 1602 over time

Sales
Unit 1602, each saleTypical four-bed in Marina Residence A
1M1.5M2M20082012201620202024Typical sale price by year: 2008 AED 1,272,915; 2010 AED 2,177,550; 2023 AED 1,700,000Sold by developer, October 2013: AED 1,100,873 (AED 682 per sqft)

1602 has sold once; the dashed line is the four-bed median of each year in the building.

Rents
Unit 1602, each contractTypical four-bed in Marina Residence A
100K150K200K2016201920222025Typical rent by year: 2017 AED 174,515; 2020 AED 95,000; 2021 AED 100,000; 2022 AED 110,000; 2023 AED 135,000; 2024 AED 186,250New contract, November 2016: AED 135,000 a yearNew contract, November 2017: AED 135,000 a yearRenewal, November 2018: AED 135,000 a year

Annual rent on each registered contract; the dashed line is the four-bed median of each year in the building.

4-beds in Marina Residence A, and where 1602 sits

All 8 4-beds →

Over the last 12 months four-beds sold for AED 2,400,000, around AED 1,487 per sqft.

Recent 4-bed salesUnit no.Price (AED)Summary
11 Sep 20262,400,000
1 Aug 20252,250,000
19 Jun 20252,200,000
5 Jun 20241,700,000
1 4-bed sale in the last 12 months

Marina Residence A

Building

67 apartments, 1-bed to 5-bed over 16 floors in Dubai Marina, completed in 2006 by Al Maskan Al Hadeeth Real Estate Developmant . 4 sold in the last 12 months.

Typical price per sqft
AED 1,491
Typical sale
AED 1.7M
Typical rent
AED 111K /yr
Typical yield
7.2%
Marina Residence A, Dubai Marina: prices, sales and rents →

Other units on the 16th floor

All 67 units in Marina Residence A
Value
16014-bedAED 1.18M · Nov 2008

1602, Marina Residence A in numbers

  • Sold once: by Al Maskan Al Hadeeth Real Estate Developmant on 3 October 2013 for AED 1,100,873, or AED 682 per sqft.
  • Rented since November 2016 on 3 Ejari contracts, at AED 135,000 a year.
  • At AED 135,000 a year the gross yield on the 2013 price is 12.3%, before a service charge of about AED 29,700 a year (AED 18.43 per sqft).
  • Four-beds in Marina Residence A sold for AED 2,400,000–2,400,000 in the 12 months to November 2026; the building's median across all types is AED 1,491 per sqft.

Source: Dubai Land Department. Updated 15 November 2018.

Questions about 1602, Marina Residence A

What did unit 1602 last sell for?

AED 1,100,873 on 3 October 2013, sold by the developer: AED 682 per sqft for 1,613 sqft. It is the only registered sale of the unit.

What is the rent for unit 1602?

AED 135,000 a year on the contract renewed on 15 November 2018. The previous contract, from November 2017, was AED 135,000; the unit has been rented since November 2016.

How big is unit 1602?

1,613 sqft (149.9 sqm): a four-bedroom apartment on the 16th floor of a 16-storey tower completed in 2006.

What is unit 1602 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Four-beds in Marina Residence A sold for AED 2,400,000 to 2,400,000 in the last 12 months, around AED 1,487 per sqft.

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Mortgage on 1602, Marina Residence A

Starts from the last sale price (AED 1.1M, 3 October 2013). Switch to today's estimate once you have unlocked it.
Price
AED 1,100,873
Deposit, UAE resident (20%)
AED 220,175
Deposit, non-resident (40%)
AED 440,349
Monthly over 25 years at 3.7%
AED 4,504

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →